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Halton Sequences for Mixed Logit

  • Kenneth Train

    (University of California, Berkeley)

The simulation variance in the estimation of mixed logit parameters is found, in our application, to be lower with 100 Halton draws than with 1000 random draws. This finding confirms Bhat's (1999a) results and implies significant reduction in run times for mixed logit estimation. Further investigation is needed to assure that the result is not quixotic or masking other issues.

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File URL: http://128.118.178.162/eps/em/papers/0012/0012002.pdf
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Paper provided by EconWPA in its series Econometrics with number 0012002.

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Length: 19 pages
Date of creation: 02 Jan 2001
Date of revision:
Handle: RePEc:wpa:wuwpem:0012002
Note: 19 pages Acrobat .pdf
Contact details of provider: Web page: http://128.118.178.162

References listed on IDEAS
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  1. V.A. Hajivassiliou & P. A. Ruud, 1993. "Classical Estimation Methods for LDV Models Using Simulation," Econometrics 9311002, EconWPA.
  2. Daniel McFadden & Kenneth Train, 2000. "Mixed MNL models for discrete response," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 15(5), pages 447-470.
  3. Lee, L-F., 1990. "On Efficiency of Methods of Simulated Moments and Maximum Simulated Likelihood Estimation of Discrete Response Models," Papers 260, Minnesota - Center for Economic Research.
  4. Brownstone, David & Train, Kenneth, 1999. "Forecasting new product penetration with flexible substitution patterns," University of California Transportation Center, Working Papers qt1j6814b3, University of California Transportation Center.
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